The budget 2017-18 has the following salient features:
- The total outlay of budget 2017-18 is Rs 4.75 trillion
- The net revenue receipts for 2017-18 have been estimated at Rs 2.92 trillion
- The provincial share in federal taxes is estimated at Rs 2.38 trillion during 2017-18
- The net capital receipts for 2017-18 have been estimated at Rs 552.5 billion
- The external receipts in 2017-18 are estimated at Rs 837.8 billion
- The overall expenditure during 2017-18 has been estimated at Rs 5,103.8 billion, out of which the current expenditure is Rs 3,763.7 billion and development expenditure is Rs 1,340.1 billion.
- The expenditure on General Public Services is estimated at Rs 2,553.6 billion which is 67.8% of the current expenditure.
- The development expenditure outside PSDP has been estimated at Rs 152.2 billion in the budget 2017-18.
- The size of Public Sector Development Programme (PSDP) for 2017-18 is Rs 2,113 billion. Out of this, Rs 1,112 billion has been allocated to provinces.
- Federal PSDP has been estimated at Rs 1,001 billion, which is divided as following:
- Rs 377.9 billion for Federal Ministries/Divisions
- Rs 380.6 billion for Corporations
- Rs 30 billion for Prime Minister’s SDGs Achievement Programme
- Rs 40 billion for Special Federal Development Programme
- Rs 12.5 billion for Energy for All
- Rs 12.5 billion for Clean Drinking Water for All
- Rs 7.5 billion for Earthquake Reconstruction and Rehabilitation Authority (ERRA)
- Rs 5 billion for Special Provision for Competition of CPEC Projects
- Rs 45 billion for Relief and Rehabilitation of lOPs
- Rs 45 billion for Security Enhancement
- Rs 20 billion for Prime Minister’s Initiative and
- Rs 25 billion for Gas Infrastructure Development
- To meet expenditure, bank borrowing has been estimated for 2017-18 at Rs 390.1 billion, which is significantly lower than revised estimates of 2016-17.
Economic targets of FY 2017-18:
- GDP growth: 6%
- Investment to GDP 17%;
- Development budget of Rs.1,001 billion
- Inflation below 6%;
- Budget deficit at 4.1% of GDP;
- Tax to GDP ratio at 13.7%;
- Foreign exchange reserves level that can cover a minimum of 4 months of imports;
- Net public debt to GDP ratio below 60% of GDP;
- Continuation of targeted social interventions
